Citadel's FY 2020 results came out today - they're way bigger than Virtu but have lower margins. Makes sense given the public/private differences, no pressure to maximize profitability:pic.twitter.com/272C5eTMK0
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I've been looking at Virtu for a few weeks now. Do you think there's a chance for significant long term growth here ? or mainly a short term position to gain from dividend+buybacks ?
I'm long Virtu and I do think there are opportunities for long term growth.
1) vol in general is trending higher long term imo
2) electronification brings more products to make markets
3) geographic growth (ie Asia)
More of my thoughts on $VIRT below:pic.twitter.com/IM9d7loQ2n
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